Resources in Response to COVID-19

This article was published on: 03/19/2020

The North Central Regional Planning Commission is working hard to ensure current programs continue to operate as seamlessly as possible during this time. Recognizing the impact of Coronavirus (COVID-19) on individuals and businesses in the region, this resource page is intended to provide helpful information. It will be updated as needed.

Communities

Community Development Block Grant Coronavirus Response Supplement (CDBG-CV)

This is Federal funding made available to the state’s Community Development Block Grant program to support community responses to the COVID-19 crisis. CDBG-CV has two funding categories: Economic Development and Meal Programs.

*IMPORTANT NOTE: Businesses do not apply for CDBG-CV grants directly through the Department of Commerce. Kansas counties and cities are eligible to apply for CDBG-CV grants through the Department of Commerce and will then work with local businesses and organizations to disburse funds.

Funds will be awarded on a first-come, first-served basis until all funds have been disbursed.

More Information: Information and applications are available at the Kansas Department of Commerce website. To learn more, check out the CDBG-CV Overview available from the Kansas Department of Commerce or contact the NCRPC for assistance.

Business Financial Resources

USDA Business and Industry CARES Act Program (BICAP)

This program makes available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the COVID-19 pandemic. It also may assist agricultural producers that are not eligible for USDA Farm Service Agency loans.

More Information: View the Fact Sheet and learn more at the USDA Rural Development website.

Program Highlights:

    • Bank loan guaranteed 90% by USDA
    • Business located in community under 50k in population
    • Use of proceeds:  Operating capital, inventory, and ongoing debt service
    • Maximum loan amount based on 12 months operating capital less PPP award and EIDL grant/loan (up to $25 million)
    • Interest rate set by bank
    • Term up to 10 years
    • Payment deferral for 12 months, but interest will accrue.
    • $1 for $1 market value collateral coverage
    • Personal guaranty
U.S. Small Business Administration Economic Injury Disaster Loans and Loan Advance

Eligible small businesses and agricultural businesses may apply for an Economic Injury Disaster Loan (EIDL) Advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to the COVID-19 pandemic.

SBA resumed processing EIDL applications that were submitted before the portal stopped accepting new applications on April 15 and will be processing those applications on a first-come, first-served basis. On June 15, SBA began accepting new EIDL and EIDL Advance applications from qualified small businesses and U.S. agricultural businesses.

More Information: View the Fact Sheet for the U.S. Small Business Administration Economic Injury Disaster Loans. Applicants may apply online, receive additional disaster assistance information and download applications from the SBA.

U.S. Small Business Administration Paycheck Protection Program

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. The program ends August 8, 2020. Contact your local lender to apply.

More Information: Additional information is available from the SBA.

Hospitality Industry Relief Emergency Fund* (Funds Currently Depleted)

*UPDATE from the Kansas Department of Commerce website: Due to the overwhelming initial response, we regret to announce that all our initial funds available through the HIRE Fund have been allocated at this time. However, we are keeping our form open and will continue to collect information from Kansas hospitality businesses on the losses they are facing due to the COVID-19 pandemic.

Kansas is offering the Hospitality Industry Relief Emergency (HIRE) Fund to provide bridge loans for Kansas’ hospitality sector during the COVID-19 crisis. Examples of hospitality businesses include restaurants, bars, lodging facilities, conference centers and event centers. These funds can be used as working capital for business expenses. Learn more at Kansas Department of Commerce.

Kansas Small Business Development Center

Additional small business resources, including free training webinars and information on financial assistance, are listed at the Kansas Small Business Development Center.

Technology Resources

NCKCN Assistance

NCKCN, a NCRPC affiliate, is offering a virtual helping hand to those in need as much as they possibly can during these uncertain times. For those working remotely and those attending classes online from home due to recent events, NCKCN would like to announce that they will be handing out (on a very limited supply and donated “AS IS”) computers to those who need them. NCKCN is also increasing their customer’s Internet speeds who are currently receiving 6Mbps or lower at no additional cost. These are only a couple things NCKCN is doing to help out their local communities. Learn more at NCKCN.

Information from Official Sources

 


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